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$1,150,000   Price Analysis
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2605 SE 23rd Ave
Portland, OR 97202
7 bed 4 bath 4,870 SqFt ($236/SqFt)
Built 1913
Listed 2024-01-12
Ⓧ USDA Ineligible
due to price & location

near Portland

Duplex Nirvana!

Welcome to this absolutely enchanting 1913 duplex. Impeccably crafted wood trims and attractive built-ins have been preserved to bring a touch of pure elegance to the formal living/dining rooms and big bedrooms. The corner lot provi des every room with phenomenal natural light. The upper-level 2 bed / 1 bath unit, with a generous 1, 624 square feet, is currently rented and separately metered. The main-level - also 1, 624 sq ft 2 bed / 1 bath - has received a recent update.

Shiny new stainless-steel appliances in the kitchen and new flooring in kitchen, bath and bedrooms. The basement offers so many possibilities for additional living quartrs or a savvy income opportunity. A LOT of mechanical updates. Step outside and you'll find the property exuding fresh appeal with carefully stripped and repainted siding. The ample yard space is perfect for gardening or kicking back and relaxing. Located in the sought-after Abernethy neighborhood, this duplex is a dream for walkers and bikers. Picture yourself steps away from excellent shops, restaurants and public transit. Iit's not a home; it's a lifestyle waiting for you to embrace.


Presented by Andrew Galler at
Realty Works Group.
Listing Agent Photo

Property MLS #24094909 from RMLS

Bedrooms: 7

Cooling Features: CentralAir
Heating Features: ForcedAir
Heating Fuel: Gas
Heating: Yes
Water Heaters: Gas

Full Bathrooms: 4

Storage: Basement

Basement Description: ExteriorEntry, FullBasement, SeparateLivingQuartersApartmentAuxLivingUnit

Lot Description: CornerLot

Road Surface Type: Paved

View: City

Elementary School: Abernethy
High School: Cleveland
Middle School: Hosford

Hosford Middle School is a public middle school located approximately 0.3 miles away.
directions icon Map directions

Cleveland High School is a public high school located approximately 0.4 miles away.
directions icon Map directions

Abernethy Elementary School is a public elementary school located approximately 0.4 miles away.
directions icon Map directions

Yourth Progress Learning Center is a private middle and high school located approximately 0.3 miles away.
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Gross Income: 94200
Gross Scheduled Income: 94200
Rent Includes: TrashCollection

Number of Units: 2
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 5
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 3

Shopping
dining
bike path
Community Features: Laundry

LotSizeRange: SqFt3000to4999
Annual Tax Amount: 10182.93000000
Source Listing Status: Active
County: Multnomah
Cap Rate: 6.56
Directions: One block south of SE Division on corner of SE 23rd & Ivan
Tax Year: 2023
Distance To Bus Comments: 0.20 miles
Source Property Type: MultiFamily
Source Neighborhood: ABERNATHY
Parcel Number: R178971
Subdivision: ABERNATHY
Zoning: R2.5
Source System Name: C2C

Relisted 2024-05-01
$1,150,000
RMLS
Listing removed 2024-04-18
$1,150,000
RMLS
Price Changed 2024-01-20
$1,150,000
RMLS
Price Changed 2024-01-19
$0
RMLS
Listed 2024-01-12
$1,150,000
RMLS

Net Operating Income: 75439
Operating Expense: 18761

Year Built: 1913
Building Area Total: 4870
Building Exterior Type: Cedar, LapSiding, WoodSiding
Foundation Details: ConcretePerimeter
Property Age: 111
Property Condition: UpdatedRemodeled
Roof: Composition
Levels or Stories: 3

Sewer: PublicSewer
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.